MENU OF CHARGES – JANUARY 2020

Mortgages

All mortgage fees are payable upon completion of the loan.

Standard Mortgage                               – £325 *

Buy to Let Mortgage                             – £495

Shared Ownership                                – £495

Right To Buy                                          – £495

Lifetime Mortgage                                – £595

Adverse Credit Mortgage                    – £595

Bridging Loan                                       – £995

Home Reversion Plan                         – £995

Commercial Mortgage                        – £995

Self-Build Mortgage                            – £995

Further Advance                                  – £150

Mortgage Porting                                – £150

Transfer of Equity                               – £150

Rate Switch                                          – £150

* For a standard mortgage, the fee is waived if you take out a life, critical illness or income protection insurance product within a three month period of your mortgage completing.  Please note you will be liable to pay the fee if you cancel this insurance within 12 months of the policy start date.

Investments

We charge an initial fee through the investment platform we use on a tiered scale, based on the total amount invested.  The following charging structure will apply each time you come to make a new lump sum investment:

The first £0-£70,000           – charged at 3%

£70,000 to £100,000           – charged at 1.3%

£100,000 to £250,000        – charged at 1%

£250,000 to £375,000        – charged at 0.75%

£375,000 to £500,000        – charged at 0.5%

£500,000 and over               – charged at 0.25%

The minimum fee is set at £600.

For monthly savers, the charges are the same and will reduce once your contributions reach each level.

We will charge a 0.5% renewal based fee, which will be calculated based on the average value of the portfolio over the year.  This fee is for the ongoing advice, support and regular reviews which we provide.

Annuities

For annuities taken with the current pension provider we will charge 0.5% of the total pension pot value, after tax free cash is taken, with a minimum remuneration of £200.

For all other annuities we will charge on a tiered basis based on the value of the pension pot value, after tax free cash is taken, with a minimum remuneration of £350:

The first £0-£70,000           – charged at 3%

£70,000 to £100,000           – charged at 1.3%

£100,000 to £250,000        – charged at 1%

£250,000 to £375,000        – charged at 0.75%

£375,000 to £500,000        – charged at 0.5%

£500,000 and over               – charged at 0.25%

Full / Partial Pension Withdrawal – Defined Contribution Pensions

For advising and/or arranging on a defined contribution pension withdrawal we will charge on a tiered basis based on the value of the pension pot value, after tax free cash is taken, with a minimum remuneration of £600:

The first £0-£70,000           – charged at 3%

£70,000 to £100,000           – charged at 1.3%

£100,000 to £250,000        – charged at 1%

£250,000 to £375,000        – charged at 0.75%

£375,000 to £500,000        – charged at 0.5%

£500,000 and over               – charged at 0.25%

Pensions / Drawdown

We charge an initial fee on a tiered scale, based on the total amount invested.  The following charging structure will apply each time you come to make a new lump sum investment or when we make a change to a pension which you keep invested with your current provider:

The first £0-£70,000           – charged at 3%

£70,000 to £100,000           – charged at 1.3%

£100,000 to £250,000        – charged at 1%

£250,000 to £375,000        – charged at 0.75%

£375,000 to £500,000        – charged at 0.5%

£500,000 and over               – charged at 0.25%

For drawdown applications, the charge is made after payment of tax free cash.  Both pension and drawdown applications have a minimum fee of £600.

For monthly savers, the charges are the same and will reduce once your contributions reach each level.

We will charge a 0.5% renewal based fee, which will be calculated based on the average value of the portfolio over the year.  This fee is for the ongoing advice, support and regular reviews which we provide.

Defined Benefit / Final Salary Pension Transfer Advice

We charge an initial fee on a tiered scale, based on the cash equivalent transfer value (CETV).  The following charging structure will apply each time we advise you.  It will become payable regardless of if our advice is to transfer or not to transfer, and regardless of if you agree with our advice, or disagree and proceed to transfer the pension anyway:

The first £0-£250,000         – charged at 3%

£250,000 to £500,000         – charged at 2%

£500,000 and over              – charged at 0.5%

The minimum fee is set at £2,000.  The maximum fee is set at £15,000.

We will charge a 0.5% renewal based fee, which will be calculated based on the average value of the portfolio over the year.  This fee is for the ongoing advice, support and regular reviews which we provide.

Other Advice

We will not charge directly for some services such as suitability report writing, but will instead absorb these costs into our other initial fees.

Adviser hourly rate              – £150 per hour, with a minimum fee of £75

Administrator hourly rate  – £75 per hour

Power of attorney and executor of a will duties will be chargeable at the hourly rate – £150

Professional Letter Writing – £50 per letter

For arranging cash deposit products we charge an initial fee of 1.5% of the value of the deposit.

Menu January 2020